Petrolimex: Pioneering Energy Conglomerate Strategies in the New Era

Maintaining the Role as the Nation’s Energy Leader

With over 70 years of construction and development, Petrolimex continues to maintain its role as the cornerstone of national energy security, while gradually expanding its reach regionally and internationally.

As the country enters a new phase of development with high demands for sustainable growth, energy security, and green transition, the Corporation clearly defines its historical mission: to continue its role as the leading state-owned enterprise, pioneering the Vietnamese energy market, and actively contributing to the nation’s industrialization and modernization.

At the 5th National Congress of the Vietnam Petroleum Corporation’s Party Committee for the 2025-2030 term, the overarching goal was set: “Pioneering digital transformation, green development, and maintaining the role as the nation’s energy leader.” The Congress also identified three key development breakthroughs. First, leveraging science, technology, innovation, and digital transformation as the primary drivers for growth, enhancing governance and operational efficiency, and promoting green and energy transitions in line with government directives. Second, comprehensively reforming management practices, improving labor productivity and competitiveness, with a focus on developing high-quality human resources, particularly leadership and management teams. Third, proactively advising, proposing, and refining mechanisms and policies in the petroleum and energy sectors to create a stable and transparent legal environment for sustainable state-owned enterprise development. These strategic directions will guide all the Corporation’s activities in the coming period.

The strategic focus is on comprehensive restructuring and enhancing internal capabilities, building a stable and sustainable Corporation with strong financial and technological potential, ensuring the successful fulfillment of market stabilization tasks, meeting nearly 50% of domestic consumption needs, and thereby contributing to national energy security. Increasing the charter capital and continuing to divest from non-core, inefficient sectors will help the Corporation concentrate resources on core business activities, improve capital efficiency, and enhance long-term competitiveness.

Shaping the Future – Leading the Energy Transition

Receiving oil tanker at B12 Oil Port

In parallel, the Corporation continues to maintain and expand its leadership role in the retail system and the petroleum-energy supply chain, developing both scale, service quality, and utilities. The retail network is not only a fuel supply point but is gradually becoming a modern, multi-utility service center, integrated with highway rest stops and truck service stations, better meeting the growing needs of citizens and businesses. Strategic infrastructure projects such as warehouses, ports, pipelines, and aviation fuel depots continue to be promoted to enhance storage capacity, logistics, and ensure stable, long-term supply.

A key pillar of the strategy is comprehensive digital transformation and innovation. The Corporation identifies technology and data as the core foundation for improving governance efficiency, optimizing operations, and enhancing customer experience. Automation in warehouses and retail outlets, implementation of cashless payments, electronic invoices per transaction, smart management systems, digital offices, and effective utilization of modern ERP platforms will drive significant improvements in labor productivity and management quality. Notably, building a digital culture and training in artificial intelligence applications for all employees will be a key driver for long-term development.

In response to the global trend of reducing emissions and green growth, the Corporation proactively leads the energy transition, gradually reducing dependence on traditional fossil fuels, and expanding its portfolio of clean, environmentally friendly energy products. Research, pilot projects, and investments in new-generation biofuels, sustainable aviation fuels, hydrogen, ammonia, LNG, and renewable energy reflect a long-term vision and commitment to align with the nation’s net-zero emissions goal.

Alongside product development, the Corporation accelerates the implementation of green and clean projects across the system, from warehouses and ports to petrol stations and offices. Installing rooftop solar panels, recovering gasoline vapors, standardizing services, and enhancing environmental and hygiene standards not only contribute to emission reduction but also reinforce the image of a modern energy enterprise with high social responsibility. Carbon emission measurement, inventory, and carbon credit accumulation research will lay the foundation for systematic and structured emission reduction programs.

Looking to the future, the Corporation gradually deepens its involvement in the new energy value chain, from research and development, production, storage, transportation to distribution. Simultaneously, establishing a research and innovation center, and developing big data to support operations and business will create a knowledge ecosystem, strongly spreading the spirit of innovation throughout the system.

With a strategic vision to 2030 and orientation to 2050, Petrolimex steadfastly aims to become Vietnam’s leading energy group, pioneering the green transition, and leading the market with reputation, technology, and national responsibility. All employees unite with one heart, igniting the desire to contribute, turning strategies into concrete actions, driving the Corporation’s strong and sustainable development, worthy of the trust of the Party, State, and People.

Petrolimex staff serving customers purchasing petroleum